Dan Johns
Exchange from High value to Lower value RE
My wife and I have been following Bigger Pockets for the last couple of years including a few podcasts. I’m writing because I need a sounding board. I’d been involved in REI a number of years ago and in the 2008/2009 ...
Nick E.
Closing early January 2016. Tax consequences
Hello,I will be closing on my first rental property on January 5th. The house needs numerous small "repairs" that we are planning on completing in the first few days of owning it. Most of these items are small like ...
Asher Knudson
BRRRR: How to Secure Refinance Loan Before Closing?
I'm trying to implement my first BRRRR strategy and I'm wondering if it's possible to secure a refinance loan at 12 months before I close on the deal with hard money?
Dolly Caswell
Getting conflicting info about tax deductions for my rentals
I've read some marvelous advice here about a variety of topics, so I'm going to ask this question that is puzzling me about the tax deductibility of my rental expenses.I've been told that I can't deduct expenses due t...
Steffany Boldrini
Question on Cash on Cash Calculation
My mentor taught me to calculate the CoC with the interest only payments of the loan (not principal reduction). Now a friend of mine said it should include principal part of the payments on the CoC. Since commercial l...
Julio Gonzalez
Historic Tax Credits
Understanding and taking advantage of the variety of tax credits boosts the return on your property and allows you to be part of the move to conserve our nation’s historic treasures.
When rehabilitating or investing ...
Nate Pucel
Buy, rehab, rent accounting questions
So I'm wondering if I maybe messed up when it comes to accounting and taxes while rehabbing a house to rent. The rehab has taken forever- 3 years. But, it's finally done. However, I'm worried that I didn't think a...
Account Closed
Rent my house and move?
Greetings BP and friends,*Should I rent out my house and buy another property to live in?*The context:Currently located in a strong housing market, South Knoxville, TN. 2 years ago I was able to buy my current single...
Catie Baker
Tax Deductions for Investment Property
Hi everyone, question around tax deductions for investment properties. We purchased our first investment property last year and just met with our accountant to file our taxes. He informed us we cannot deduct any of ...
Gail W.
I want to sell my rental and buy a primary home-taxes?!
Good morning BP experts! I'm an Accidental Landlord. Bought our home in Laguna Hills for about $350k back in 2002. Kids grew up and split, and we couldn't afford it anymore. By then, it was refinanced a few times to a...